Special Assessment

Definition: In public property taxation, a special assessment is a charge allocated to properties benefiting from a particular improvement or service.

Example

A local assessment allocates a road-improvement cost among benefited parcels using an authorized frontage formula.

Keep the distinction clear

A public special assessment differs from an ad valorem tax based on value. A condominium or homeowners' association can also levy an assessment under its own authority; identify which meaning the question uses.

Related terms

Ad Valorem · Tax Lien (Property Taxes) · Condominium

Keep studying

Special Assessment Math: Front Footage and the Owner’s Share

References: Florida Statutes 170.01: local improvements and special assessments

Pronunciation (US): SPESH-uhl uh-SES-muhnt (capitals show stress)

Pronunciation reference: Merriam-Webster